Common use of Frequent Transfers Clause in Contracts

Frequent Transfers. In addition to the above restrictions, we reserve the right, in our sole discretion, to limit, modify, restrict, suspend or eliminate your right to make transfers without prior notice to you. This contract is not designed for use by individuals or other entities that engage in “market timing” or other types of frequent trading, unusually large transfers, short-term trading or programmed transfers. A limitation or modification could be applied to transfers to, or from, one or more of the Allocation Options and could include, but is not limited to: • requiring transfer requests to be made in writing through the U.S. Postal Service or otherwise restricting electronic or telephonic transaction privileges; • refusing to act on instructions of an agent acting under a power of attorney on your behalf; • imposing a holding period between transfers; • implementing and imposing on you any redemption fee imposed by the underlying investments of any Variable Investment Option in which you invest; • upon request, providing information to the underlying investments of any Variable Investment Option about you and your activity; • rejecting or reversing any transfer request (in whole or in part) if our order to purchase shares of the underlying investments of any Variable Investment Option is not accepted by, or is reversed by, the underlying investments or if we are otherwise informed that any such purchase (or redemption) of shares to execute a transfer request would have a detrimental effect on the underlying investments; • refusing or otherwise restricting any transfer request that we believe alone or with a group of transfer requests may have a detrimental effect on Account R or the Variable Investment Options. We may add to or remove, or change these restrictions at any time and without prior notice to you. We will monitor for frequent transfer activity among the Allocation Options based upon established parameters that are applied consistently to all contractowners, including, without limitation, the length of the holding period between transfers, the number of transfers in a specified period, the dollar amount of transfers and any combination of the above. During the period up to 30 days before the Annuity Commencement Date, you may transfer all or a portion of your Accumulation Value among the Allocation Options, subject to the Frequent Transfer provision set forth above as well as to any limit we may set on the number of Allocation Options into which the Accumulation Value may be invested, if any. During the 30 days prior to the Annuity Commencement Date, transfers may be made only with our approval. After the Annuity Commencement Date, if you have elected a variable annuity payout option, you may transfer all or a portion of the Annuity Units credited under such option among the Variable Investment Options. Transfers may be made only once each month. We must receive transfer instructions in Good Order at least 15 days before the due date of the first variable annuity payment to which the transfer will apply. The number of additional Annuity Units credited to a newly elected Variable Investment Option will be equal to (a) divided by (b), where:

Frequent Transfers. In addition to the above restrictions, we reserve the right, in our sole discretion, to limit, modify, restrict, suspend or eliminate your right to make transfers without prior notice to you. This contract is not designed for use by individuals or other entities that engage in “market timing” or other types of frequent trading, unusually large transfers, short-term trading or programmed transfers. A limitation or modification could be applied to transfers to, or from, one or more of the Allocation Options and could include, but is not limited to: • requiring transfer requests to be made in writing through the U.S. Postal Service or otherwise restricting electronic or telephonic transaction privileges; • refusing to act on instructions of an agent acting under a power of attorney on your behalf; • imposing a holding period between transfers; • implementing and imposing on you any redemption fee imposed by the underlying investments of any Variable Investment Option in which you invest; • upon request, providing information to the underlying investments of any Variable Investment Option about you and your activity; • rejecting or reversing any transfer request (in whole or in part) if our order to purchase shares of the underlying investments of any Variable Investment Option is not accepted by, or is reversed by, the underlying investments or if we are otherwise informed that any such purchase (or redemption) of shares to execute a transfer request would have a detrimental effect on the underlying investments; • refusing or otherwise restricting any transfer request that we believe alone or with a group of transfer requests may have a detrimental effect on Account R or the Variable Investment Options. We may add to or remove, or change these restrictions at any time and without prior notice to you. We will monitor for frequent transfer activity among the Allocation Options based upon established parameters that are applied consistently to all contractowners, including, without limitation, the length of the holding period between transfers, the number of transfers in a specified period, the dollar amount of transfers and any combination of the above. 13-SVA I Page 15 During the period up to 30 days before the Annuity Commencement Date, you may transfer all or a portion of your Accumulation Value among the Allocation Options, subject to the Frequent Transfer provision set forth above as well as to any limit we may set on the number of Allocation Options into which the Accumulation Value may be invested, if any. During the 30 days prior to the Annuity Commencement Date, transfers may be made only with our approval. After the Annuity Commencement Date, if you have elected a variable annuity payout option, you may transfer all or a portion of the Annuity Units credited under such option among the Variable Investment Options. Transfers may be made only once each month. We must receive transfer instructions in Good Order at least 15 days before the due date of the first variable annuity payment to which the transfer will apply. The number of additional Annuity Units credited to a newly elected Variable Investment Option will be equal to (a) divided by (b), where:.

Frequent Transfers. In addition to the above restrictions, we reserve the right, in our sole discretion, right to limit, modify, restrict, suspend or eliminate your right to make transfers without prior notice to youtransfers. We will notify you if we implement one of these restrictions. This contract is not designed for use by individuals or other entities that engage in “market timing” or other types of frequent trading, unusually large transfers, short-term trading or programmed transfers. Examples of this type of activity include, but are not limited to: • holding a fund for less than a specific number of days: • making more than a certain number of transfers within a specific number of days; or • transferring amounts that exceed a certain dollar amount. A limitation or modification could be applied to transfers to, or from, one or more of the Allocation Options and could if we determine that you are engaging in market timing, frequent trading, unusually large transfers, short-term trading or programmed transfer activities. These limitations or modifications include, but is not limited to: • requiring transfer requests to be made in writing through the U.S. Postal Service or otherwise restricting electronic or telephonic transaction privileges; • refusing to act on instructions of an agent acting under a power of attorney on your behalf; • imposing a holding period between transfers; • implementing and imposing on you any redemption fee imposed by the underlying investments of any Variable Investment Option in which you invest; • upon request, providing information to the underlying investments of any Variable Investment Option about you and your activity; • rejecting or reversing any transfer request (in whole or in part) if our order to purchase shares of the underlying investments of any Variable Investment Option is not accepted by, or is reversed by, the underlying investments or if we are otherwise informed that any such purchase (or redemption) of shares to execute a transfer request would have a detrimental effect on the underlying investments; • refusing or otherwise restricting any transfer request that we believe alone or with a group of transfer requests may have a detrimental effect on Account R or the Variable Investment Options. We may add to or removemay, or change these restrictions at any time and time, without prior notice to you, restrict or prohibit further premium payments or transfers by you, if you have been identified by the underlying investments of any Variable Investment Option as having engaged in transactions that violate the disruptive trading policies established for that underlying investment. We will monitor for frequent transfer activity among the Allocation Options based upon established parameters that are applied consistently to all contractowners, including, without limitation, the length of the holding period between transfers, the number of transfers in a specified period, the dollar amount of transfers and any combination of the above. During the period up to 30 days before the Annuity Commencement Date, you may transfer all or a portion of your Accumulation Value among the Allocation Options, subject to the Frequent Transfer provision set forth above as well as to any limit we may set on the number of Allocation Options into which the Accumulation Value may be invested, if any. During the 30 days prior to the Annuity Commencement Date, transfers may be made only with our approval. After the Annuity Commencement Date, if you have elected a variable annuity payout option, you may transfer all or a portion of the Annuity Units credited under such option among the Variable Investment Options. Transfers may be made only once each month. We must receive transfer instructions in Good Order at least 15 days before the due date of the first variable annuity payment to which the transfer will apply. The number of additional Annuity Units credited to a newly elected Variable Investment Option will be equal to (a) divided by (b), where:.

Frequent Transfers. In addition to the above restrictions, we reserve the right, in our sole discretion, to limit, modify, restrict, suspend or eliminate your right to make transfers without prior notice to you. This contract is not designed for use by individuals or other entities that engage in “market timing” or other types of frequent trading, unusually large transfers, short-term trading or programmed transfers. A limitation or modification could be applied to transfers to, or from, one or more of the Allocation Options and could include, but is not limited to: • requiring transfer requests to be made in writing through the U.S. Postal Service or otherwise restricting electronic or telephonic transaction privileges; • refusing to act on instructions of an agent acting under a power of attorney on your behalf; • imposing a holding period between transfers; • implementing and imposing on you any redemption fee imposed by the underlying investments of any Variable Investment Option in which you invest; • upon request, providing information to the underlying investments of any Variable Investment Option about you and your activity; • rejecting or reversing any transfer request (in whole or in part) if our order to purchase shares of the underlying investments of any Variable Investment Option is not accepted by, or is reversed by, the underlying investments or if we are otherwise informed that any such purchase (or redemption) of shares to execute a transfer request would have a detrimental effect on the underlying investments; • refusing or otherwise restricting any transfer request that we believe alone or with a group of transfer requests may have a detrimental effect on Account R or the Variable Investment Options. We may add to or remove, or change these restrictions at any time and without prior notice to you. We will monitor for frequent transfer activity among the Allocation Options based upon established parameters that are applied consistently to all contractowners, including, without limitation, the length of the holding period between transfers, the number of transfers in a specified period, the dollar amount of transfers and any combination of the above. During the period up to 30 days before the Annuity Commencement Date, you may transfer all or a portion of your Accumulation Value among the Allocation Options, subject to the Frequent Transfer provision set forth above as well as to any limit we may set on the number of Allocation Options into which the Accumulation Value may be invested, if any. During the 30 days prior to the Annuity Commencement Date, transfers may be made only with our approval. After the Annuity Commencement Date, if you have elected a variable annuity payout option, you may transfer all or a portion of the Annuity Units credited under such option among the Variable Investment Options. Transfers may be made only once each month. We must receive transfer instructions in Good Order at least 15 days before the due date of the first variable annuity payment to which the transfer will apply. The number of additional Annuity Units credited to a newly elected Variable Investment Option will be equal to (a) divided by (b), where:.

Frequent Transfers. In addition to the above restrictions, we reserve the right, in our sole discretion, right to limit, modify, restrict, suspend or eliminate your right to make transfers without prior notice to youtransfers. We will notify you if we implement one of these restrictions. This contract is not designed for use by individuals or other entities that engage in “market timing” or other types of frequent trading, unusually large transfers, short-term trading or programmed transfers. Examples of this type of activity include, but are not limited to: • holding a fund for less than a specific number of days: • making more than a certain number of transfers within a specific number of days; or • transferring amounts that exceed a certain dollar amount. A limitation or modification could be applied to transfers to, or from, one or more of the Allocation Options and could if we determine that you are engaging in market timing, frequent trading, unusually large transfers, short-term trading or programmed transfer activities. These limitations or modifications include, but is not limited to: • requiring transfer requests to be made in writing through the U.S. Postal Service or otherwise restricting electronic or telephonic transaction privileges; • refusing to act on instructions of an agent acting under a power of attorney on your behalf; • imposing a holding period between transfers; • implementing and imposing on you any redemption fee imposed by the underlying investments of any Variable Investment Option in which you invest; • upon request, providing information to the underlying investments of any Variable Investment Option about you and your activity; ICC13-SVA B Page 13 • rejecting or reversing any transfer request (in whole or in part) if our order to purchase shares of the underlying investments of any Variable Investment Option is not accepted by, or is reversed by, the underlying investments or if we are otherwise informed that any such purchase (or redemption) of shares to execute a transfer request would have a detrimental effect on the underlying investments; • refusing or otherwise restricting any transfer request that we believe alone or with a group of transfer requests may have a detrimental effect on Account R or the Variable Investment Options. We may add to or removemay, or change these restrictions at any time and time, without prior notice to you, restrict or prohibit further premium payments or transfers by you, if you have been identified by the underlying investments of any Variable Investment Option as having engaged in transactions that violate the disruptive trading policies established for that underlying investment. We will monitor for frequent transfer activity among the Allocation Options based upon established parameters that are applied consistently to all contractowners, including, without limitation, the length of the holding period between transfers, the number of transfers in a specified period, the dollar amount of transfers and any combination of the above. During the period up to 30 days before the Annuity Commencement Date, you may transfer all or a portion of your Accumulation Value among the Allocation Options, subject to the Frequent Transfer provision set forth above as well as to any limit we may set on the number of Allocation Options into which the Accumulation Value may be invested, if any. During the 30 days prior to the Annuity Commencement Date, transfers may be made only with our approval. After the Annuity Commencement Date, if you have elected a variable annuity payout option, you may transfer all or a portion of the Annuity Units credited under such option among the Variable Investment Options. Transfers may be made only once each month. We must receive transfer instructions in Good Order at least 15 days before the due date of the first variable annuity payment to which the transfer will apply. The number of additional Annuity Units credited to a newly elected Variable Investment Option will be equal to (a) divided by (b), where:.